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Binance
Bybit
Binance
Dominant market share
Extensive product ecosystem (spot
futures
NFT
DeFi)
Strong brand recognition and trust.
Frequent regulatory scrutiny in various jurisdictions
Centralized nature despite DeFi efforts
Complex user interface for beginners.
Expansion into new regulated markets
Development of Web3 and Metaverse integrations
Increased institutional adoption of crypto.
Intensifying competition from other exchanges
Regulatory crackdowns on crypto
Security breaches and cyberattacks.
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